European Gas Prices Up 49% This Year as Winter Looms

European benchmark TTF gas futures averaged $12.41 per MMBtu in 2026, 49% above 2025, per Reuters. Prices rose again September 7 as tight supply met strong demand. Qatar's force majeure — a legal clause allowing suspended deliveries — cut export capacity 17%, narrowing the storage-refill window before winter. Higher wholesale costs typically flow into household heating and electricity bills.